Doug thanks for sharing this information. High charges by the insurance company in the initial years has stopped me from purchasing IUL policy so far. I reviewed policies from Life of the Southwest, NationalLife all of them had high costs where in cash value vs annualized premium never made sense.
Check more companies nationwide has similar fees in the initial years but you can’t get caught up on the initial years of fees. The compound interest will eventually take over and also think of it as just being a certain percent vested over time like a 401k
Talk to an IUL specialist and they can walk you through the fees in detail and make sure that your policy is structured correctly. Yes, the first year is the most expensive, but I am not creating my financial strategy based on year 1, I am basing my decisions on what is going to be best for the next 30+ years! If you would like to talk to an IUL specialist that I know and trust, go here: 3dimensionalwealth.com/getstarted/
Has anyone here bought IUL life insurance? If yes, can you please share: 1. Which Carrier? 2. How many years in the policy currently? 3. How is the Cash Growth compared to the illustration at year 0? 4. Is it recommended for Tax-Free Cash Value growth - Yes / No?
You can actually get no caps right now! We have clients that are getting 24% returns on their IULs this month, right now! If you would like to learn more and how you could do this too, request an appointment with a specialist here: 3dimensionalwealth.com/getstarted/ Feel free to check out actual client statements on my son's facebook page or join our Laser Fund Learning Group facebook.com/emronlive facebook.com/groups/laserfundmasterclass
There are many great insurance companies. The most critical thing is for you to have it designed and structured correctly. 85% of your result is primarily influenced by how it is designed and structured. The best thing I can suggest is to talk with an IUL specialist. If you need help and want me to introduce you to one, go here: 3dimensionalwealth.com/getstarted/
Because in a 401k you are going to pay tax on the money you have built up in the account. So basically whatever your balance says in a 401k is not what you will pocket because of tax
Lawrence Thompson Jr also in 401k there is a difference between rate of return and actual return. For example if you had a 100k balance and you lost 15% the first year and then gained 15% the second year they would say your rate of return is zero. However your actual return is less than the 100k you started with, in that scenario your balance with reflect $97,750 which means your down a few thousand dollars from your original 100k
You should have an audit done on it. It doesn't take long to audit it as long as you have all the information. Email me and I will have a specialist get back to you with an audit. crd@3dimensionalwealth.com.
How would you structure and fund an iul for 45 yr Male with preferred elite rating so he can have at least 5k monthly income at age of 65. Pl explain with option to pick for min fees and max netting
How can I learn how to creat this for my clients I’ve talked to some agents and they say you can’t dump a 100k all in at once into this who can I talk to or cal in order to learn how to set it up
Those agents are right. You can not simply dump $100k all in at once into a IUL. There is a limit to how much you can put in per year. Your limit ceiling is based on the amount of Death Benefit you choose for the policy. Higher amount of Death Benefit, more you can put into the policy per year. Give me some number. Maybe I can answer some of your questions. :)
lasereyes555 yes but whatever you don’t put into the IUL carry’s over to the next year. So just using simple numbers if your ceiling is 10k the first year and you only put in 5k then the 2nd year your ceiling is 15k cause you still have the 5k that carry’s over.
I am about to release my world class training for professionals who want to learn how to do this and do it right! Stay tuned and be one of the first to gain access to the training, tools, and resources!
It depends on the 401k. If you have the option to choose what you invest in and it has low fees, it's nearly impossible for life insurance to be a better option of you actually want to build your wealth and use it before you're too old.
IUL is going to be superior no matter the 401K. 401K's were designed in 1978 where taxes were the highest so it made sense for people back then because it deferred their taxes to a time where taxes are low which is present-day. However, since we are at historical lows in terms of taxes, the 401k system is no longer the best option because taxes are only going to go up from here. This is not to say the 401k system is garbage but it is currently less effective right now. When taxes are back up to their highs then the 401k system will be superior once again. So it makes sense to pay taxes now while they're low and earn tax-free income in retirement than pay them later at higher rates.
@@MinerGeeks Even with paying taxes on the earnings in retirement, a 401k will end up with better returns than an IUL nearly ever single time so long as the investment in the 401k is something resembling the overall market. Just do the math. Look at the returns of the S&P500 or the total market over the last few decades, plug those numbers into a compound interest calculator, then subtract even the highest amount based on any tax bracket you want. Then compare it to what one would earn in an IUL or any other cash value life insurance policy. But first, (despite not even needing to to show the difference in overall net worth and retirement savings) make sure you factor in the fact that you first had to pay premiums and thus your initial principal/cash value is lower for an insurance plan.
@@user-hp1uj8nz5s An IUL also uses the S&P 500 for cash value gains. However, in an IUL, gains are locked in each year and offer a zero percent floor. Meaning you participate in the upside but don’t in the downside. To add onto cash value, you get an immediate death benefit as well in the event something were to happen like critical illness where you can accelerate your benefits without penalty. This method protects you from critical illness, untimely death, or too long of a life. So we aren’t just talking about returns here because an IUL not only offers cash value gains like a 401k but it offers protection where 401ks do not. In the case you get terminally ill or even pass, you can access your death benefit that well surpasses your premiums paid. If you only have a 401k, and those events happen you can only get whatever the cash value is. My aunt paid $10k into an IUL policy and unfortunately passed from cancer the next year and her family was wired the death benefit of $500,000 within 48 hours. So in the end, I do agree with you that the 401k gains have beat IULs, however, it does not protect your life or your family’s.
Show proof of the income from an actual policy not an illustration!!! Show proof that the policy performs as illustrated or close to the illustration during the income years.
Hey there, an IUL Professional we work with can explain the process. You can setup a time to speak directly to an IUL Professional we work with here: www.3dimensionalwealth.com/getstarted
I agree, that the Roth is subject to the whims of the market. If you understand the real secret to long-term wealth and success, it is to eliminate losses! Just like Warren Buffet has been teaching for decades. If you have a 50% loss, you must have a 100% gain just to break even. Losses have bigger impacts than gains do. I would happily pay the smartest money managers in the world (the life insurance industry) to take care of my money. There is a reason they have been around for more than 150 years!
If there’s a low fee iul like low cost index fund ( etf) or even no fee/ cost fidelity index fund! I am all for it, but man! Those fees and cost scares people away, that’s why people aren’t excited about insurance industry as stock market!!!! I am a financial advisor and insurance agent myself
I think you missed it. None of your money is invested in index funds in an IUL. With indexing you get to link your returns to an index without having any of your money at risk in the index. A properly structure and maximum funded IUL can be one of the cheapest accounts you will ever hold over you lifetime. Check out this playlist if you want to really learn more: ua-cam.com/play/PLF8af6gsBLfluNIRv7jllRl43tfIUGlmQ.html
@@missedfortune All I need to know is what amount of fees are there when I put money into an IUL. Until someone can actually tell me that, all I still hear are unsubstantiated claims about IULs being able to beat my Roth IRA or Roth 401k. Math and numbers do not lie, but nobody who promotes life insurance as an investment ever provide the numbers to do the math. Because of that, I can't trust people that promote such things.
I love this now I can leverage this information for my company let’s go
I will be releasing soon my training, tools and resources for professionals. Stay tuned and I would love for you to gain access to it all!
Doug Andrew - 3 Dimensional Wealth awesome will be looking out for it
Did you ever release your tools
Doug thanks for sharing this information. High charges by the insurance company in the initial years has stopped me from purchasing IUL policy so far. I reviewed policies from Life of the Southwest, NationalLife all of them had high costs where in cash value vs annualized premium never made sense.
Check more companies nationwide has similar fees in the initial years but you can’t get caught up on the initial years of fees. The compound interest will eventually take over and also think of it as just being a certain percent vested over time like a 401k
Talk to an IUL specialist and they can walk you through the fees in detail and make sure that your policy is structured correctly. Yes, the first year is the most expensive, but I am not creating my financial strategy based on year 1, I am basing my decisions on what is going to be best for the next 30+ years! If you would like to talk to an IUL specialist that I know and trust, go here: 3dimensionalwealth.com/getstarted/
Has anyone here bought IUL life insurance? If yes, can you please share:
1. Which Carrier?
2. How many years in the policy currently?
3. How is the Cash Growth compared to the illustration at year 0?
4. Is it recommended for Tax-Free Cash Value growth - Yes / No?
No, because our 401k's are kicking ass.
😂
they key word is max fund
What do you mean if it’s structured properly?
Max funded, lowest initial death benefit
Also, making sure the right person is educated on what they're doing.
Where's a 16% or 25% cap now on an IUL index strategy as you suggest at 10:14? Not on a 1-year bucket, certainly!
You can actually get no caps right now! We have clients that are getting 24% returns on their IULs this month, right now! If you would like to learn more and how you could do this too, request an appointment with a specialist here: 3dimensionalwealth.com/getstarted/
Feel free to check out actual client statements on my son's facebook page or join our Laser Fund Learning Group
facebook.com/emronlive
facebook.com/groups/laserfundmasterclass
I wanna put my money on IUL, what company do you recommend?
I wanna get a better structure?
Can you give me your info?
If you want me to introduce you to a specialist go here: 3dimensionalwealth.com/getstarted/
Hello! We’re you able to find a policy? I can help if you still need one! :)
National Life Group
What are good companies where I can get IUL?
There are many great insurance companies. The most critical thing is for you to have it designed and structured correctly. 85% of your result is primarily influenced by how it is designed and structured. The best thing I can suggest is to talk with an IUL specialist. If you need help and want me to introduce you to one, go here: 3dimensionalwealth.com/getstarted/
Which underwriters are you thinking of when mentioning the upside potential?
Pacific life
Why doesn’t he mention the fees and commission the sales rep gets ? Why doesn’t he mention it gets more expensive as you age ?
We have plenty of other videos about this. Generally, costs and fees (which include commissions) are less than 1% over the life of the policy.
Question why does the 401k get 12 but net 8 can you do a video on it
Because in a 401k you are going to pay tax on the money you have built up in the account. So basically whatever your balance says in a 401k is not what you will pocket because of tax
okcboi thanks I see
Lawrence Thompson Jr also in 401k there is a difference between rate of return and actual return. For example if you had a 100k balance and you lost 15% the first year and then gained 15% the second year they would say your rate of return is zero. However your actual return is less than the 100k you started with, in that scenario your balance with reflect $97,750 which means your down a few thousand dollars from your original 100k
okcboi so interesting. I am insurance but this helps me to talk to the 401k people to see if they want a max fund IUL
That is a great idea for a video. It is going to come down to taxes.
I have IUl from Transamerica I got it when I was 18 now I'm 20 years. However, I'm not sure not if its properly set up, any advice?
im putting in like $120 each month
You should have an audit done on it. It doesn't take long to audit it as long as you have all the information. Email me and I will have a specialist get back to you with an audit. crd@3dimensionalwealth.com.
Sajol, did you ever have a policy review done of your TA IUL? If not, I can help you at no cost. sjfrancosmd@gmail.com
contact me and I can review for you
How would you structure and fund an iul for 45 yr Male with preferred elite rating so he can have at least 5k monthly income at age of 65. Pl explain with option to pick for min fees and max netting
If you have 20 years to save, then you should save at least $2,000 per month to then create an income of $5,000 per month for 40+ years.
How can I learn how to creat this for my clients I’ve talked to some agents and they say you can’t dump a 100k all in at once into this who can I talk to or cal in order to learn how to set it up
Those agents are right. You can not simply dump $100k all in at once into a IUL. There is a limit to how much you can put in per year. Your limit ceiling is based on the amount of Death Benefit you choose for the policy. Higher amount of Death Benefit, more you can put into the policy per year. Give me some number. Maybe I can answer some of your questions. :)
lasereyes555 yes but whatever you don’t put into the IUL carry’s over to the next year. So just using simple numbers if your ceiling is 10k the first year and you only put in 5k then the 2nd year your ceiling is 15k cause you still have the 5k that carry’s over.
I am about to release my world class training for professionals who want to learn how to do this and do it right! Stay tuned and be one of the first to gain access to the training, tools, and resources!
Annuities!!!
It depends on the 401k. If you have the option to choose what you invest in and it has low fees, it's nearly impossible for life insurance to be a better option of you actually want to build your wealth and use it before you're too old.
IUL is going to be superior no matter the 401K. 401K's were designed in 1978 where taxes were the highest so it made sense for people back then because it deferred their taxes to a time where taxes are low which is present-day. However, since we are at historical lows in terms of taxes, the 401k system is no longer the best option because taxes are only going to go up from here. This is not to say the 401k system is garbage but it is currently less effective right now. When taxes are back up to their highs then the 401k system will be superior once again. So it makes sense to pay taxes now while they're low and earn tax-free income in retirement than pay them later at higher rates.
@@MinerGeeks Even with paying taxes on the earnings in retirement, a 401k will end up with better returns than an IUL nearly ever single time so long as the investment in the 401k is something resembling the overall market.
Just do the math. Look at the returns of the S&P500 or the total market over the last few decades, plug those numbers into a compound interest calculator, then subtract even the highest amount based on any tax bracket you want. Then compare it to what one would earn in an IUL or any other cash value life insurance policy.
But first, (despite not even needing to to show the difference in overall net worth and retirement savings) make sure you factor in the fact that you first had to pay premiums and thus your initial principal/cash value is lower for an insurance plan.
@@user-hp1uj8nz5s An IUL also uses the S&P 500 for cash value gains. However, in an IUL, gains are locked in each year and offer a zero percent floor. Meaning you participate in the upside but don’t in the downside. To add onto cash value, you get an immediate death benefit as well in the event something were to happen like critical illness where you can accelerate your benefits without penalty. This method protects you from critical illness, untimely death, or too long of a life. So we aren’t just talking about returns here because an IUL not only offers cash value gains like a 401k but it offers protection where 401ks do not. In the case you get terminally ill or even pass, you can access your death benefit that well surpasses your premiums paid. If you only have a 401k, and those events happen you can only get whatever the cash value is. My aunt paid $10k into an IUL policy and unfortunately passed from cancer the next year and her family was wired the death benefit of $500,000 within 48 hours. So in the end, I do agree with you that the 401k gains have beat IULs, however, it does not protect your life or your family’s.
Awesome explanation , thank you Thuan Bui . Anh giai thich rat ro rang va rat chinh xac !
@@MinerGeeks Well said 👏 👍 we need to connect
It's not tax-free because you're paying taxes before putting the money in.
Show proof of the income from an actual policy not an illustration!!! Show proof that the policy performs as illustrated or close to the illustration during the income years.
Hey there, an IUL Professional we work with can explain the process. You can setup a time to speak directly to an IUL Professional we work with here: www.3dimensionalwealth.com/getstarted
No sir! Roth 401k is the best, buy no cost/ low cost total stock market etf/ index fund ! Will Outperform iul
No it won’t because a Roth 401k can take market losses. And you know the market won’t be up every year
I agree, that the Roth is subject to the whims of the market. If you understand the real secret to long-term wealth and success, it is to eliminate losses! Just like Warren Buffet has been teaching for decades. If you have a 50% loss, you must have a 100% gain just to break even. Losses have bigger impacts than gains do. I would happily pay the smartest money managers in the world (the life insurance industry) to take care of my money. There is a reason they have been around for more than 150 years!
@@missedfortune no! The fees are terrible
If there’s a low fee iul like low cost index fund ( etf) or even no fee/ cost fidelity index fund! I am all for it, but man! Those fees and cost scares people away, that’s why people aren’t excited about insurance industry as stock market!!!! I am a financial advisor and insurance agent myself
Nhan Loc you will pay less in fees over time in IUL than 401k. People get caught up on the first so many years
Garbage. IULs charge ridiculous high fees while keeping all the cash savings. A person doesn't need an insurance company to invest in index funds.
I think you missed it. None of your money is invested in index funds in an IUL. With indexing you get to link your returns to an index without having any of your money at risk in the index. A properly structure and maximum funded IUL can be one of the cheapest accounts you will ever hold over you lifetime. Check out this playlist if you want to really learn more: ua-cam.com/play/PLF8af6gsBLfluNIRv7jllRl43tfIUGlmQ.html
@@missedfortune You invest it in the stock market, correct? You act as a middleman between the consumer and the stock market charging fees.
I think you are missing many info and had been misguided
@@amyquijano5306 Ok, princess, what part that I stated is wrong.
@@missedfortune All I need to know is what amount of fees are there when I put money into an IUL.
Until someone can actually tell me that, all I still hear are unsubstantiated claims about IULs being able to beat my Roth IRA or Roth 401k.
Math and numbers do not lie, but nobody who promotes life insurance as an investment ever provide the numbers to do the math. Because of that, I can't trust people that promote such things.